Dell Technologies (DELL) Gross Margin (2015 - 2026)

Dell Technologies has reported Gross Margin for 12 years, with the latest figure at 20.16% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 356.0% year-over-year to 20.16%; the trailing twelve-month figure through Jan 2026 stood at 20.0% (down 224.0% YoY), and the FY2026 full-year result was 20.0%, down 224.0% from the prior year.
• Gross Margin for Q1 2026 stood at 20.16%, down from 20.71% in the prior quarter.
• The five-year high for Gross Margin was 24.28% in Q2 2023, with the low at 18.29% in Q3 2025.
• Historically, Gross Margin has averaged 21.97% across 5 years, with a median of 22.0% in 2024.
• Annual changes were most pronounced in 2023 — Gross Margin surged 303 bps — and 2026, when it tumbled 356 bps.
• Dell Technologies' Gross Margin stood at 23.09% in 2022, then gained by 1 bps to 23.37% in 2023, then decreased by 6 bps to 22.0% in 2024, then retreated by 6 bps to 20.71% in 2025, then slipped by 3 bps to 20.16% in 2026.
• The last three Gross Margin figures came in at 20.16% (Q1 2026), 20.71% (Q4 2025), and 18.29% (Q3 2025), per Business Quant data.